HomeMy WebLinkAboutResolution 2000-82RESOLUTION 2000-82
BEING A RESOLUTION ESTABLISHING RESTRICTIVE ACCOUNTS FOR
EXCESS
FIRE PENSION RESIDUAL ASSETS AND ADOPTING A PLAN FOR THE
EXPENDITURE OF SUCH ASSETS
WHEREAS, Minnesota Law 1999 Chapter 222, titled Omnibus Retirement Bill, has
made
substantial changes to public employee pensions in Minnesota, including the total merger
of
Columbia Heights Fire Pension Plan; and
WHEREAS, one of these changes permits the return of the excess funding from the fire
consolidation account to the local jurisdiction; and
WHEREAS, the portion of excess funding available for return to the City of Columbia
Heights is
approximately $678,958,
WHEREAS, the city of Columbia Heights has held an advertised public hearing on
November 27, 2000,
at which public hearing the proposed use of the fire residual assets were discussed and a
spending plan
approved.
NOW THEREFORE BE IT RESOLVED that the City of Columbia Heights,
Minnesota, adopts the following plan for the receipt and use of these excess fund assets.
The excess funds may be used to assist the Fire Department in the funding of the
Fire
Capital Outlay fund.
2. The excess funds may also be used to assist the Fire Department in funding the
Purchase of a new SUV.
Dated this 27th Day of November, 2000
Offered by: Jolly
Second by: Szurek
Roll Call: All ayes
~atricia Muscovitz, Deputy CityJ~lerk